🔴 Marvell Technology plunges 13.90% on profit-taking after massive AI-fueled rally

Marvell Technology (MVLL) is trading at $191.34 (-13.90%) as the stock reverses sharply following a multi-day surge.

• The decline comes from significant profit-taking after Nvidia CEO Jensen Huang's recent bullish comments about Marvell sparked a massive rally in the stock.
• The drop is also part of a broader semiconductor and tech sector selloff, as investors rotate out of high-valuation growth stocks.